Research Analysts’ Recent Ratings Updates for Western Digital (WDC)

Several analysts have recently updated their ratings and price targets for Western Digital (NASDAQ: WDC):

• 6/2/2026 – Western Digital had its price target raised by Citigroup Inc. from $500.00 to $685.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Western Digital had its price target raised by Wells Fargo & Company from $500.00 to $575.00. They now have an “overweight” rating on the stock.
• 5/27/2026 – Western Digital had its price target raised by Barclays PLC from $450.00 to $620.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Western Digital had its “outperform” rating reaffirmed by Evercore Inc. They now have a $575.00 price target on the stock.
• 5/26/2026 – Western Digital was given a new $575.00 price target by Jefferies Financial Group Inc..
• 5/15/2026 – Western Digital was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 5/6/2026 – Western Digital was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/4/2026 – Western Digital had its price target raised by Robert W. Baird from $310.00 to $450.00. They now have an “outperform” rating on the stock.
• 5/2/2026 – Western Digital was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/1/2026 – Western Digital had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 5/1/2026 – Western Digital had its price target raised by TD Cowen from $325.00 to $500.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Western Digital had its “neutral” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $400.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Cantor Fitzgerald to $660.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital was given a new $470.00 price target by Mizuho.
• 5/1/2026 – Western Digital had its “outperform” rating reaffirmed by Evercore Inc. They now have a $500.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Wells Fargo & Company from $335.00 to $500.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by Citigroup Inc. from $405.00 to $500.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Western Digital had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $488.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Barclays PLC from $405.00 to $450.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by UBS Group AG from $350.00 to $375.00. They now have a “neutral” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by Rosenblatt Securities from $340.00 to $500.00. They now have a “buy” rating on the stock.
• 4/27/2026 – Western Digital was given a new $500.00 price target by UBS Group AG.
• 4/27/2026 – Western Digital had its price target raised by Cantor Fitzgerald to $660.00. They now have an “overweight” rating on the stock.
• 4/27/2026 – Western Digital had its price target raised by Bank of America Corporation to $495.00. They now have a “buy” rating on the stock.
• 4/22/2026 – Western Digital had its price target raised by Barclays PLC from $325.00 to $405.00. They now have an “overweight” rating on the stock.
• 4/21/2026 – Western Digital had its price target raised by UBS Group AG from $285.00 to $350.00. They now have a “neutral” rating on the stock.
• 4/20/2026 – Western Digital had its price target raised by Evercore Inc from $378.00 to $410.00. They now have an “outperform” rating on the stock.
• 4/17/2026 – Western Digital had its price target raised by Bank of America Corporation from $375.00 to $415.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Western Digital had its price target raised by JPMorgan Chase & Co. from $320.00 to $400.00. They now have an “overweight” rating on the stock.
• 4/13/2026 – Western Digital had its price target raised by Citigroup Inc. to $405.00. They now have a “buy” rating on the stock.
• 4/12/2026 – Western Digital was downgraded by Wall Street Zen from “buy” to “hold”.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be given a dividend of $0.15 per share. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is currently 3.58%.

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the sale, the insider owned 85,154 shares of the company’s stock, valued at $47,366,060.96. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the sale, the insider directly owned 116,643 shares in the company, valued at $63,640,420.80. This represents a 0.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 29,322 shares of company stock worth $12,768,550. 0.18% of the stock is owned by corporate insiders.

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.